Labour Costs in Romania decreased to 157.10 points in the second quarter of 2020 from 165.40 points in the first quarter of 2020.

Labour Costs in Romania averaged 71.06 points from 1995 until 2020, reaching an all time high of 165.40 points in the first quarter of 2020 and a record low of 2.10 points in the third quarter of 1995. This page provides - Romania Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania Unit Labour Costs - values, historical data and charts - was last updated on October of 2020.

Labour Costs in Romania is expected to be 120.27 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Romania to stand at 172.84 in 12 months time. In the long-term, the Romania Unit Labour Costs is projected to trend around 127.26 points in 2021 and 131.71 points in 2022, according to our econometric models.

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Romania Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
157.10 165.40 165.40 2.10 1995 - 2020 points Quarterly
NSA, 2010=100

Romania Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.30 5.40 8.70 3.70 percent [+]
Employed Persons 4906.30 4895.50 8496.00 4095.20 Thousand [+]
Unemployed Persons 285.30 286.70 1291.30 65.30 Thousand [+]
Long Term Unemployment Rate 1.20 1.50 5.30 1.20 percent [+]
Youth Unemployment Rate 16.90 16.90 25.50 15.30 percent [+]
Labour Costs 157.10 165.40 165.40 2.10 points [+]
Job Vacancies 0.71 0.84 2.14 0.50 percent [+]
Wages 5337.00 5468.00 5468.00 1.02 RON/Month [+]
Wages in Manufacturing 4572.00 4609.00 4772.00 203.00 RON/Month [+]
Minimum Wages 460.77 466.23 466.23 24.53 EUR/Month [+]
Population 19.41 19.53 23.21 18.32 Million [+]
Retirement Age Women 60.92 60.67 60.92 57.92 [+]
Retirement Age Men 65.00 65.00 65.00 62.92 [+]
Labor Force Participation Rate 55.10 54.50 67.80 52.70 percent [+]
Part Time Employment 543.10 473.20 1458.10 473.20 Thousand [+]
Productivity 109.40 121.20 121.60 40.50 points [+]
Wage Growth 2.20 1.90 283.30 -1.90 percent [+]
Full Time Employment 7705.80 7801.70 8640.40 7228.10 Thousand [+]
Employment Change -1.90 -0.40 3.60 -10.40 percent [+]
Employment Rate 65.20 66.00 69.10 55.40 percent [+]